When Match group The CEO Spencer Rascoff published its latest revenue this week and recorded this slope, one of its flagship -dating apps, “It crushed“With growth acceleration Despite reporting that young users separate dating apps. Sales increased by 25% compared to the same quarter in the previous year, and the users had come across the website. Previously languish Tinder was too Show signs a turn. The game of the game reached 12%that day.
But on the day before this earnings call, a shareholder of the match group called ned hobbedus submitted a a lawsuit Against the company’s board of directors, including Rascoff and former CEO Bernard Kim, he raises questions about the management of the company and the priorities of the board after a bombing examination that was published at the beginning of this year.
The Media report“Dating app bruise: How Zunder, Scharnier and your company owner keep rape under lock and key”, grew from the Pulitzer Center and Calmatters, which were published by the Guardian and the 19th, from 18 months of reporting and is submitted in the new lawsuit that was submitted to a Federal Court in Central California.
In reporting, the complaint claims that “Match Group is known”, which users have been reported for the drug, attacks or rape of your data since at least 2016. The Match Group’s central database has been in the entire Suite of 2022 since 2019.
Match did not react Assets‘s application for a statement on the new lawsuit. His former CEO Bernhard Kim. When the investigation was published, the company informed the media that, according to the report, it “vigorously fought violence”. “We will always work on investing and improving our systems and looking for ways to help our users, to stay both online and when they combine in real life,” said Match Group in a explanation at the time. It also means: “We take every report about misconduct seriously and remove and block contact accounts that have violated our rules for this behavior.”
However, the Match Group has not yet made a promised report in which everyone involved, including customers, would get a clear feeling for the risks for users. And some accused criminals found paths to stay on the website and enabled them to continue to be ashamed of the websites for potential goals – sometimes for months or years – even if they have been reported that their crimes agree.
In the complaint, he also claims that he again cited in a particularly outrageous example … Cardiologist Stephen Matthews only stopped access to Match’s platforms on January 25, 2023, although a user reported it on September 28, 2020 due to sexual attacks. 2024 Matthews was condemned From a Colorado Court of Justice, in which he ruins 10 women through dating apps and hit the tinder and sexually attacked eight of them. He was sentenced to 158 years in prison.
A lawyer of the plaintiff rejected a statement and showed Assets to the complaint.
The Match Group, a company of 8.8 billion US dollars, has more than a dozen apps, including Tinder, hinge, match, Meetic, Okcupid and many fish. In the lawsuit, compensation is submitted by the managers and board members who are named after violations of trust, violations of securities law and an unjustified enrichment. It also requires reforms to corporate governance and risk supervision, reimbursement of the salary to the executive and other costs that arise for the company.
It is a derivative action in which a shareholder receives claims against the leadership in the name of the company. All payments ordered by the court go to society and the shareholders benefit indirectly. (As a rule, directors have insurance policies that cover such payments. If the misconduct is not covered by the guidelines, the board members are obliged to cover the costs themselves.)
The Pulitzer Center’s report begins with a shattering and detailed report by one of the victims of Matthews, who says that he put them under drugs when occupying Matthews in his house. She was able to flee and got into an over, and after the effect of the drug was worn out, she reported that the incident agreed. At the time of this attack, two other women had already reported on the website according to the report.
In several cases, the lawsuit compares what the company has disclosed in securities applications, and during the analyst, the Pulitzer Center report called that the company already knew. For example, the legal registration states that the company unveiled monthly active user numbers for Tinder in November 2024 without disclosing what the plaintiff claims that the real reason is the reason why the app lost customers: the long -term security issues that were published in the few months later.
“Competition or economic considerations did not cause Tinder Mau’s rapid decline,” the complaint said. “It had stalled because the users were fed up with meeting abusers and predators on the platform.”
“The users were also frustrated with the failure of the company to restrict this shameful behavior,” continues, “what was known to the company’s management”.
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